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Bank of Maharashtra Loan Against Property

Personal-purpose term finance against a self-occupied, unencumbered residential or commercial property, from ₹5 lakh to ₹10 crore in metros or ₹5 crore elsewhere.

Interest rate9.70%-10.70% p.a. effective rate by CIBIL score on the current RLLR table.Loan amountMinimum ₹5 lakh. Maximum ₹10 crore for properties in metros and ₹5 crore at other centres, subject to repayment capacity and margin.TenureUp to 10 years or until age 75, whichever is earlier.
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Quick eligibility check

Bank of Maharashtra Loan Against Property

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: Minimum annual income ₹5 lakh?

Published source: Minimum income

2Do you meet this requirement: The applicant must own an unencumbered self-occupied residential or commercial property?

3Does your annual income meet this requirement: Total deductions including proposed EMI/notional interest cannot exceed 60% of gross income?

4Document checkDo you have this required document or proof: Identity and address proof?

Published source: Minimum income

5Document checkDo you have this required document or proof: Income proof?

Published source: Minimum income

6Document checkDo you have this required document or proof: Property ownership, title, valuation and encumbrance documents?

Published source: Minimum income

7Document checkDo you have at least one of these required documents: Employment or business/professional evidence?

Published source: Minimum income
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India; location-dependent maximum

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typePersonal-purpose term loan secured by mortgage of an eligible self-occupied residential or commercial property.View source
The scheme table specifies personal expenses and mortgage of the property.
Source
Loan Against Property for Individuals
Page / section
Purpose; Security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate9.70%-10.70% p.a. effective rate by CIBIL score on the current RLLR table.View source
The current table publishes six bands from 9.70% to 10.70%.
Source
Retail Interest Rates
Page / section
Loan against Property - Individual
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR 8.05% plus 1.65%-2.65% by CIBIL score; NTC/-1/0/01-05 is RLLR + 2.15% = 10.20%.View source
The table provides benchmark, spread and effective rate for every score band.
Source
Retail Interest Rates
Page / section
Loan against Property - Individual
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published; the product, rate and fee sources do not provide a combined APR.View source
Interest and fees are published separately.
Source
Loan Against Property - complete review
Page / section
Complete product, rate and fee review
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeMinimum annual income ₹5 lakh.View source
The scheme table states ₹5 lakh minimum annual income.
Source
Loan Against Property for Individuals
Page / section
Min Annual Income
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Loan amountMinimum ₹5 lakh. Maximum ₹10 crore for properties in metros and ₹5 crore at other centres, subject to repayment capacity and margin.View source
The table publishes the minimum and location-specific ceilings.
Source
Loan Against Property for Individuals
Page / section
Maximum Quantum of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 10 years or until age 75, whichever is earlier.View source
Both limits are printed in the scheme table.
Source
Loan Against Property for Individuals
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing and account-handling chargesProcessing 1% of loan amount, minimum ₹1,000 and maximum ₹50,000. Account handling 0.10%, minimum ₹500 and maximum ₹11,000, excluding GST.View source
The current fee adds the minimum/maximum limits omitted from the product page.
Source
Service Charges - Liabilities Portfolio
Page / section
pages 72 and 75: Loan Against Self Occupied Property - Individuals
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment chargeNil for a floating-rate non-business retail loan to an individual.View source
The current table waives prepayment on this floating-rate individual non-business class.
Source
Service Charges - Liabilities Portfolio
Page / section
page 12: Closure of Loan / Pre-Payment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹5 lakh minimum
  • Up to ₹10 crore for metro properties and ₹5 crore elsewhere
  • Current -linked rates 9.70%-10.70%
  • Tenure up to 10 years or age 75

Eligibility

  • Minimum annual income ₹5 lakh. The applicant must own an unencumbered self-occupied residential or commercial property. Total deductions including proposed /notional interest cannot exceed 60% of gross income.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Identity and address proof
  • Income proof
  • Property ownership, title, valuation and encumbrance documents
  • Employment or business/professional evidence
  • Application and mortgage documents

Related official documents

Loan Against Property for Individualsofficial-product-page · current · accessed 31 Aug 2026
↗
Retail Interest Rates - complete remaining-loan reviewofficial-rate-table · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Liabilities Portfolioofficial-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Purpose · Published termPersonal expenses

This value is copied from Loan Against Property - complete published scheme table. Check the table notes before relying on it.

Source: Loan Against Property for Individuals · Complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 2 columnsLoan Against Property - complete published scheme tableView tableHide table

Scroll sideways to view every column

Loan Against Property - complete published scheme table
ParameterPublished term
PurposePersonal expenses
EligibilityPermanent Government/ employees; businesspeople, professionals and self-employed individuals owning self-occupied unencumbered residential/commercial property
Minimum income₹5 lakh annual
Amount₹5 lakh minimum; metro max ₹10 crore; other centres max ₹5 crore
Margin40% of realizable value up to ₹1 crore; 50% above ₹1 crore
Repayment10 years or age 75
Rate-linked 9.70%-10.70% by
DeductionUp to 60% of gross income including proposed /notional interest
SecurityMortgage of property
Processing1% of loan; current min ₹1,000/max ₹50,000
Loan Against Property for Individuals · Complete scheme table · accessed 31 Aug 2026Open official source ↗
Table 2 · 6 rows · 4 columnsBank of Maharashtra current retail-credit charge rows used in this batchView tableHide table

Scroll sideways to view every column

Bank of Maharashtra current retail-credit charge rows used in this batch
ProductProcessing feeAccount handlingOther / prepayment
Housing/Flexi/ (non-green)0.25%, max ₹25,0000.10%, ₹500-₹11,000Nil prepayment for floating non-business individual loan
Housing Top-Up0.50%, ₹500-₹50,0000.10%, ₹500-₹11,000Product page: no prepayment penalty
Loan Against Property1%, ₹1,000-₹50,0000.10%, ₹500-₹11,000Nil prepayment for floating non-business individual loan
Maha Adhaar0.50%, ₹500-₹5,000; staff pensioner nil0.20%, ₹1,500-₹10,500Nil prepayment for floating non-business individual loan
-VidyalaxmiNo processing/upfront charge0.20%, min ₹500₹200 enrolment in current ; nil prepayment
Maha Super Green CarNilNilNil prepayment/pre-closure/part-payment
Service Charges - Liabilities Portfolio · pages 12 and 72-76 · accessed 31 Aug 2026Open official source ↗

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